The public as a definitive stakeholder of corporate environmental sustainability practices: a cross-national institutional approach

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Konwar, Z., Wei, Y., Wood, G. and Cheah, J.E.-T. ORCID: 0000-0003-2953-3815, 2024. The public as a definitive stakeholder of corporate environmental sustainability practices: a cross-national institutional approach. Journal of Environmental Management. ISSN 0301-4797 (Forthcoming)

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Abstract

An emerging body of literature connects the well-known Varieties of Capitalism framework (and its variants) with the propensity of nations to move away from hydrocarbons. Our study extends this work by exploring how macro-level institutional configurations matter for public expectations towards corporate environmental sustainability practices. By linking survey data of public-as-stakeholders to institutional systems encompassing 16 countries (N=7156), we use multi-level modelling to test the explanatory power of a theoretically well-refined recent construct, namely, the Varieties of Institutional Systems — and discover significant variations associated with public expectations across different institutional systems. The findings, however, defy the notion of a clear distinction between mature and emerging markets or that mature institutional systems consistently hold firms to higher environmental standards. Rather surprisingly and counter-intuitively, we find that State-Led institutional systems had the highest expectations towards corporate environmental sustainability practices.

Item Type:

Journal article

Publication Title:

Journal of Environmental Management

Creators:

Konwar, Z., Wei, Y., Wood, G. and Cheah, J.E.-T.

Publisher:

Elsevier

Date:

24 September 2024

ISSN:

0301-4797